[gasior]

@jobinthomas said:
Anyone took the revised standard quantity as 2.2 in sec c 31st question

yes, I took it

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@surajnair said:
Yes. Both operational and planning for material usage variance.ill tell you how i did it.For planning,i took 2 metres as budgeted input per output and 2.2 metres for revised input per output. Actual input -24000 units. So 2*24000=48000(budgeted usage) 2.2*24000=52800 (revised usage) . So planning variance- 4800metres adverse.( Now on to operational variance.( Revised usage- actual usage) actual usage was more than revised usage.it was around 54000 something metres.there also you get adverse. Once you get the adverse figures multiply it with standard rate. For both planning and variance.
That’s how i did it. I may be totally wrong. But that’s my answer

I did usage material variance:
24000 * 2 * 3 =144000 (Budgeted)
24000 * 2,2 * 3 = 158400 (Revised)
54600 * 3 = 163800 (Actual)
This gave me 14400 Adverse for planning, and 5400 Adverse for operiational

Labour efficiency variance:
24000 * 0,13 * 12 = 37440 (Budgeted)
24000* 0,16 * 12 = 46080 (Revised)
3840 * 12 = 46080 (Actual)
This gave me 8640 Adverse for planning, and 0 for operiational.

Traditional efficiency variance for labour:
3840 * 12 = 46080
24000 * 0,13 * 12 = 37440
This gave me 8640 Adverse for labour.
I don’t now if that is right but that what I did in qc 31.

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@petraicon said:
Q31 for material planning usage variances:
I did actual production at standard quantity by standard price
24000*2m(2.2m/110*100) * €3 (2.85/95*100) = 144000
and
actual production at new design quantity by standard price
24000*2.2m*€3 =158400
144000-158400= €14400 Adverse planning usage
Is this really wrong?will I get any marks?

I got the same answer. Did exactly the same.

[gasior]

sorry, material price 8190 favourable

[gasior]

31qc. price variance 8190 favourable, material usage 19800 adverse, labour efficiency 8640 adverse. did somebody has the same?

[gasior]

What did you choose in A section in qc about shadow price?

[gasior]

Q 31 I did the same. I got favourable price materials, adverse material usage, adverse labour efficiency

[gasior]

I had 1) maturity, 2) revenue less fixed 3) 300 favourable.

TPAR in B section 1.4?

[gasior]

in question 2 should be revenue less fixed cost – I think

[gasior]

Thank you Mr. Moffat.

There is one more question I am not sure about.

”Meadaw Co operates an activity based costing system. The budgeted costs for warehousing for the next six months are $356,014, of which $215,414 is in respect of handling receipts of materials. The balance is for the issue of goods to production. In the same period it is expected that 3,700 orders will be received and 2,500 issues will be made. The company has received an order which will generate 14 receipts and 6 issues.

What is warehousing cost to be included in the total cost of the order?

Can you help me with this question please?

Kind regards
Kasia

[Author]

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